Jack Smith: Sold A Company For $800M At 29 & Retired.. What He'…
About This Episode
Sam and Shaan interview Jack Smith, the co-founder of Vungle, about his journey selling a company for $800 million at age 29 and his subsequent life as an unconventional 'retired' entrepreneur. They discuss his obsessive product testing habits, the concept of 'router businesses' that leverage poor marketing in professional industries, and his radical approaches to parenting and education.
Episode Description
Show Notes
Links
- * Don't Tell Me I Can't: An Ambitious Homeschooler's Journey
- * Nomad Capitalist
- * Practical Law of Attraction
- * Portugal Nature Getaway
- * Tweet thread of Jack's favorite products
- * Do you love MFM and want to see Sam and Shaan's smiling faces? Subscribe to our Youtube channel.
- -----
- Past guests on My First Million include Rob Dyrdek, Hasan Minhaj, Balaji Srinivasan, Jake Paul, Dr. Andrew Huberman, Gary Vee, Lance Armstrong, Sophia Amoruso, Ariel Helwani, Ramit Sethi, Stanley Druckenmiller, Peter Diamandis, Dharmesh Shah, Brian Halligan, Marc Lore, Jason Calacanis, Andrew Wilkinson, Julian Shapiro, Kat Cole, Codie Sanchez, Nader Al-Naji, Steph Smith, Trung Phan, Nick Huber, Anthony Pompliano, Ben Askren, Ramon Van Meer, Brianne Kimmel, Andrew Gazdecki, Scott Belsky, Moiz Ali, Dan Held, Elaine Zelby, Michael Saylor, Ryan Begelman, Jack Butcher, Reed Duchscher, Tai Lopez, Harley Finkelstein, Alexa von Tobel, Noah Kagan, Nick Bare, Greg Isenberg, James Altucher, Randy Hetrick and more.
- ----
- Additional episodes you might enjoy:
- #224 Rob Dyrdek - How Tracking Every Second of His Life Took Rob Drydek from 0 to $405M in Exits
- #209 Gary Vaynerchuk - Why NFTS Are the Future
- #178 Balaji Srinivasan - Balaji on How to Fix the Media, Cloud Cities & Crypto
- * #169 - How One Man Started 5, Billion Dollar Companies, Dan Gilbert's Empire, & Talking With Warren Buffett
- #218 - Why You Should Take a Think Week Like Bill Gates
- Dave Portnoy vs The World, Extreme Body Monitoring, The Future of Apparel Retail, "How Much is Anthony Pompliano Worth?", and More
- How Mr Beast Got 100M Views in Less Than 4 Days, The $25M Chrome Extension, and More
Check Out Shaan's Stuff
- * Try Shepherd
- * Shaan's Personal Assistant System
- * Power Writing Course
- * Daily Newsletter
Check Out Sam's Stuff
- * Hampton
- * Ideation Bootcamp
- * Copy That
- ----
Key Takeaways
Build a 'router business' by creating a high-end marketing layer over industries with poor communication (like tax law or insurance) and charging premium referral or markup fees for curation.
Adopt the 'RTFM' (Read the Fucking Manual) philosophy to gain a competitive edge; deep mastery of basic instructions for new tools like AI allows you to position yourself as an expert while others are lazy.
Utilize the 'Virtuous Cycle' of success by maintaining massive belief in an outcome before the evidence exists, which drives the high-quality action necessary to produce actual results.
Business Ideas Mentioned
Marketing Layer for Complex Professional Services
Agency
Vertical AI Prompt Engineering Workshops
Content & Media
High-End Digital Detox Nature Retreats
Real Estate
Offshore Virtual Night Nanny Service
AI & Automation